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Debt Protection
Insurance that ensures your debts will be paid
Opt for this special protection that covers your loan payments due to disability, involuntary unemployment or death.
Keeping your loan payments current benefits you
Protect your credit rating
Maintain your standard of living
Preserve savings and assets
Secure your future buying and borrowing power
Peace of mind and protection for your family
Knowing your Monterra Credit Union loans will be paid when you're in an unexpected situation is invaluable. Talk to us about adding Debt Protection to your Monterra loans so your debt won't become a stressor to your family.
You can file a claim for any of the following debt protection products:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Life of a Dependent
- Disability
- Involuntary Unemployment
To start your claim, simply click on the Start Claim button. Or call (844) 707-4964 and a CUNA Mutual Group Claims Specialist will guide you through the process.
How do I cancel my debt protection?
Important: Canceling debt protection will not reduce your monthly payment, and it may result in an accelerated loan payoff schedule. Once canceled, debt protection cannot be reinstated.You may terminate protection on your account(s) at any time by providing us with written notice at least 5 business days prior to the requested termination date. If you do so within 30 days of purchasing protection, we will credit you for any Program Fees charged for the protected account(s). We will credit you for any Program Fees you paid for the period after your protection terminates. Termination will not affect benefits for a Protected Event that occurred prior to the termination date as long as an outstanding balance remains on the protected account(s).
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